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1501 & 1503 County Road 14

Lamesa, TX 79331
  • $380,000
  • STATUS: Active
  • ON SITE: 27 Days
  • MLS #: 202552049
UPDATED: 40 min ago
$380,000
  • 4
    BEDS
  • 5
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 2,500
    SQFT
  • $152
    $/SQFT
Neighborhood:
Dawson County
Type:
Multi-Family
Built:
1948
County:
Dawson
Area:
Dawson County

School Information

Middle School:
Lamesa
High School:
Lamesa
School District:
Lamesa Isd
School Ratings & Info

Description

Incredible investment opportunity! This 5-acre property, located just a quarter mile from Highway 87, features five residential units, including two brick homes and three mobile homes, along with two wells on-site. The rental income potential is strong, with current and past rents as follows: - 3BR/2BA brick home - Currently rented for $1,200/month - 1BR/1BA trailer - Last rented for $800/month - 2BR/2BA trailer - Last rented for $800/month - 3BR/2BA trailer - Last rented for $1,000/month (currently gutted and ready for remodel) - 4BR/4BA brick home - Previously owner-occupied, offering potential for rental or primary residence With two wells, multiple income-producing units, and easy access to Highway 87, this property is ideal for investors, multi-generational living, or those looking to generate passive income. Potential rental income easy surpasses the 1% rule. Don't miss this versatile and high-potential opportunitycontact me today for more details!

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© 2025 Lubbock Association of REALTORS® MLS. Listing information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2025-04-18T15:58:59.413.
www.steadfast-realty.com/homes/161758043
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1501 & 1503 County Road 14 Lamesa, TX 79331

  • Price: $380,000
  • Status: Active
  • On Site: 27 Days
  • Updated: 40 min ago
  • MLS #: 202552049
4
Beds
4
Baths
0
½ Baths
5
Acres
2,500
SQFT
$152
$/SQFT
1948
Built
Neighborhood:
Dawson County
County:
Dawson
Area:
Dawson County
Middle School:
Lamesa
High School:
Lamesa
School District:
Lamesa Isd
Property Description
Incredible investment opportunity! This 5-acre property, located just a quarter mile from Highway 87, features five residential units, including two brick homes and three mobile homes, along with two wells on-site. The rental income potential is strong, with current and past rents as follows: - 3BR/2BA brick home - Currently rented for $1,200/month - 1BR/1BA trailer - Last rented for $800/month - 2BR/2BA trailer - Last rented for $800/month - 3BR/2BA trailer - Last rented for $1,000/month (currently gutted and ready for remodel) - 4BR/4BA brick home - Previously owner-occupied, offering potential for rental or primary residence With two wells, multiple income-producing units, and easy access to Highway 87, this property is ideal for investors, multi-generational living, or those looking to generate passive income. Potential rental income easy surpasses the 1% rule. Don't miss this versatile and high-potential opportunitycontact me today for more details!
Exterior Features

Architectural Style [] Attached Garage YN No Carport Spaces 1 Carport YN Yes Construction Materials BrickMetal Siding Exterior Features Private Entrance Foundation Details [] Garage YN No Parking Features CarportDriveway Patio And Porch Features Deck Pool Features [] Pool Private YN No Roof Metal Spa Features [] Spa YN No Window Features Screens

Interior Features

Above Grade Finished Area 2500 Appliances Exhaust FanGas CooktopMicrowaveWasher/Dryer Basement [] Basement YN Yes Common Walls [] Cooling Ceiling Fan(s)Central AirElectricWall/Window Unit(s) Cooling YN Yes Fireplace YN Yes Flooring HardwoodLaminateTile Heating CentralElectricFireplace(s)Space Heater Heating YN Yes Interior Features Ceiling Fan(s) Laundry Features Electric Dryer HookupInsideWasher Hookup Unit Five Baths Total 2 Unit Five Beds Total 3 Unit Four Baths Total 2 Unit Four Beds Total 2 Unit One Accessibility Features YN No Unit One Baths Total 4 Unit One Beds Total 4 Unit One Unit Type Description Updated in some areas. Unit Three Baths Total 1 Unit Three Beds Total 1 Unit Two Baths Total 2 Unit Two Beds Total 3 Unit Two Unit Description Dated but well maintained.

Property Features

Accessibility Features [] Association Amenities [] Association Fee Includes [] Association YN No Community Features [] Door Features [] Fencing Wrought Iron Green Energy Generation [] Listing Terms CashConventional Lot Features [] New Construction YN No Other Equipment TV Antenna Other Structures Mobile Home PIDPUDNone Yes Property Condition [] Property Sub Type Package Property Road Frontage Type County Road Road Surface Type Dirt Security Features Smoke Detector(s) Sewer Septic Tank Special Listing Conditions [] Tenant Pays [] Utilities Cable ConnectedElectricity Connected Water Source Well Waterfront Features [] Waterfront YN No

Listing provided courtesy of Derek Dominguez of L3 Brokers: 806-790-5772. Listing information © 2025 Lubbock Association of REALTORS® MLS.


© 2025 Lubbock Association of REALTORS® MLS. Listing information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2025-04-18T15:58:59.413.
 
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Steadfast Realty
2809 74th St., Unit B
Lubbock TX, 79423